Rashi Peripherals Ltd. IPO

Rashi Peripherals Ltd.

IPO Listing Details

Listed On


Listed On

Issue Price


Issue Price

Listing Price


Listing Price

Listing Gains

+₹24.00 (+7.72%)

Listing Gains

IPO Details

Bidding Dates

07 Feb - 09 Feb '24

Bidding Dates

Min. Investment


Min. Investment

Lot Size


Lot Size

Price Range

₹295 - ₹311

Price Range

Issue Size

420 Cr

Issue Size

Subscription Rate

  • Retail Individual Investor
  • Non-Institutional Investor
  • Qualified Institutional Buyers
  • Employees

About Company

Founded in 1989, Rashi Peripherals Limited is an Indian company specializing in distributing global technology brands focused on Information and Communication Technology (ICT). They offer value-added services like pre-sales support, technical assistance, and marketing solutions. The company operates through two main divisions: Personal computing, enterprise, and cloud solutions (PES): Providing personal computing devices, enterprise solutions, and cloud computing services. Lifestyle and IT essentials (LIT): Distributing components, storage devices, lifestyle peripherals, power devices, and networking/mobility devices.

Important Dates - Rashi Peripherals IPO

Application opens on 7th February 2024
Last date of application 9th February 2024
Date of Allotment 12th February 2024
Refund begins from 13th February 2024
Credit of shares to Demat 13th February 2024
Listing date 14th February 2024

Why should you invest in Rashi Peripherals Ltd. IPO?

The company is a key player in the Indian market for distributing ICT products. It showed strong performance in FY21 and FY22, aligning with industry trends during the pandemic. While FY23 experienced margin challenges, H1-FY24 indicates a recovery. Given the FY24 earnings outlook, the valuation appears fair. Investors seeking medium to long-term gains may find it worth considering.


Rashi Peripherals IPO Grey Market Premium

Date GMP
06th February Rs.70
05th February Rs.70
04th February Rs.85

Rashi Peripherals Ltd. IPO - SWOT Analysis


The company is among the largest distributors of ICT products for various global tech firms in India, with sales and service centres in 50 cities and warehouses in 730 locations across 28 states and union territories. It employs multi-channel distribution systems to cater to Tier 2 and 3 cities nationwide and boasts enduring partnerships with several prominent international technology brands.


The company's performance is closely tied to the health and expansion of the ICT sector, leaving it vulnerable to downturns or adverse industry shifts. It faces stiff competition from both established firms and emerging players in the ICT distribution market, posing challenges to maintaining market share and profitability. Additionally, although Rashi Peripherals has a robust operational background, its relatively short public trading history limits the availability of data, making it somewhat challenging to evaluate future potential.


Rashi Peripherals maintains an extensive and continually updated product portfolio to meet evolving digital trends, supported by an advanced technology stack that allows the company to adjust its operations in response to market conditions and scale efficiently.


The company's operations and profitability are susceptible to disruptions in the supply chain from its global technology partners. Additionally, any decline in the reputation of these partners can have a detrimental effect on its business.


Financial Snapshot - Rashi Peripherals IPO

Check out the financial performance of Rashi Peripherals for recent years:

Financial Year Total Assets Total Revenues Net Profit
March 2021 Rs 1594.39 crore Rs 5930.24 crore Rs 136.35 crore
March 2022 Rs 2,669.76 crore Rs 9,321.92 crore Rs 182.51 crore
March 2023 Rs 2798.60 crore Rs 9468.95 crore Rs 123.34 crore


Rashi Peripherals IPO Noteworthy Highlights

  • The issue is entirely a fresh issue of 1.93 crore shares.
  • The company plans to utilize the Net Proceeds from the Offer to prepay or partially repay certain outstanding borrowings, fund working capital requirements, and for general corporate purposes.

How to apply for Rashi Peripherals Ltd. IPO?

You can apply for the Rashi Peripherals Ltd. IPO in these ways:

Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.

Demat Account

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Rashi Peripherals Ltd. IPO FAQs

What are the opening and closing dates for Rashi Peripherals IPO?

Rashi Peripherals IPO will open for subscription on February 7 and close on February 9.

What is the price band for Rashi Peripherals IPO?

The price band for Rashi Peripherals IPO is ₹295 to ₹311 per share.

Who is taking part in the OFS?

The IPO of Rashi Peripherals Ltd will be entirely a fresh issue of shares. Hence, there is no offer for sale (OFS) component

What is the minimum and maximum lot size for the Rashi Peripherals IPO?

Applications must have a minimum lot size of 48 shares. Retail investors are required to invest a minimum of ₹14,928.

Who are Rashi Peripherals IPO Lead Managers?

JM Financial and ICICI Securities are the joint Book Running Lead Managers (BRLMs) to the issue.

Who is the registrar of the issue?

Link Intime India  is the registrar for Rashi Peripherals IPO.

When will the Rashi Peripherals IPO allotment take place?

The finalisation of the basis of allotment for Rashi Peripherals IPO will be done on February 12 2024, and the allotted shares will be credited to investors’ demat accounts by February 13.

When and where will the Rashi Peripherals shares be listed?

The equity shares of Rashi Peripherals are proposed to be listed on February 14 ,2024, on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).


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